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Filing year 2023

WALTER PAYNE FOUNDATION

Richmond, Virginia·EIN 01-0626611·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$508k
Total assets
$2.6M
Total expenses
$297k
Reported officers
2

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia.

President
Board President
25th percentile to median
$23k
$25k
Vice President
Board Vice President
25th percentile to medianvs Philanthropy, Voluntarism & Grantmaking peers nationwide
$15k
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at WALTER PAYNE FOUNDATION equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
8%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$200k

Itemized grants

25

Median grant

$8k

RecipientLocationPurposeAmount
APPOMATTOX LITERACY INTERVENTIONSPOUT SPRING, VAEDUCATIONAL$10k
CASA OF CENTRAL VIRGINIALYNCHBURG, VACHARITY$10k

Down 19%
from 2022

From $28k in 2022 to $23k in 2023.

$28k
2022
$23k
2023
In today's dollarsEst.
Down 23% in real terms$32k to $25k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay fell 19% from 2022 to 2023, while revenue rose 42%.

$28k in 2022 to $23k in 2023.
  • Board Vice President pay rose 57% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about WALTER PAYNE FOUNDATION

What does the Board President of WALTER PAYNE FOUNDATION earn?

In 2023, the Board President of WALTER PAYNE FOUNDATION received $23,010 in total compensation. This pay is below the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Virginia, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board President pay at WALTER PAYNE FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Virginia, the 2023 pay of the Board President at WALTER PAYNE FOUNDATION falls between the 25th percentile and the median. In 2023, the highest total compensation at WALTER PAYNE FOUNDATION equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are WALTER PAYNE FOUNDATION's revenue and expenses?

In 2023, WALTER PAYNE FOUNDATION reported $508k in total revenue and $297k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.